The production of skimmed dried milk in Belgium for 2024 is forecasted to be 163.8 thousand metric tons, with a steady year-on-year increase projected through 2028. Compared to 2023, this represents a continuation of growth from earlier years. Notable year-on-year increases are as follows: 2.37% for 2025, 2.27% for 2026, 2.17% for 2027, and 2.08% for 2028. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately 2.22%. Variations observed between 2022 and 2023 showed significant growth, continuing into the forecast period.
Going forward, several trends need close monitoring:
- Global demand for dairy products, which could influence production levels.
- Regulatory changes within the EU that might impact milk production quotas and quality standards.
- Technological advancements in dairy processing and production efficiency.
- Market dynamics related to competing countries' production volumes.
- Climate change impacts on agriculture and dairy farming practices.